Mirae Asset Global Investments Co. Ltd. Acquires New Stake in SailPoint, Inc. $SAIL

Key Points

• Mirae Asset Global Investments has acquired a new stake in SailPoint, purchasing 30,711 shares valued at approximately $702,000 in Q2, signaling potential confidence in the company's future.
• Wall Street analysts generally view SailPoint positively, with an average rating of "Moderate Buy" and a target price averaging around $25.58 despite some varying evaluations, including a "sell" rating from Weiss Ratings.
• SailPoint's CEO and General Counsel recently sold significant portions of their shares, indicating insider activity, with total insider sales amounting to over $22 million in the last ninety days.

Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of SailPoint, Inc. (NASDAQ:SAIL - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 30,711 shares of the company's stock, valued at approximately $702,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Assetmark Inc. acquired a new stake in shares of SailPoint in the 1st quarter valued at about $32,000. Kayne Anderson Rudnick Investment Management LLC purchased a new position in SailPoint in the 1st quarter valued at approximately $49,000. Quarry LP purchased a new position in SailPoint in the 1st quarter valued at approximately $70,000. Picton Mahoney Asset Management purchased a new position in SailPoint in the 1st quarter valued at approximately $87,000. Finally, PNC Financial Services Group Inc. acquired a new stake in SailPoint during the 1st quarter valued at $150,000.

Wall Street Analysts Forecast Growth

SAIL has been the topic of a number of analyst reports. Scotiabank initiated coverage on SailPoint in a report on Wednesday, September 3rd. They set a "sector outperform" rating and a $25.00 target price on the stock. BMO Capital Markets lowered their target price on SailPoint from $27.00 to $25.00 and set an "outperform" rating on the stock in a report on Tuesday, September 9th. Mizuho increased their target price on SailPoint from $24.00 to $25.00 and gave the company a "neutral" rating in a report on Tuesday, September 30th. Weiss Ratings reiterated a "sell (d+)" rating on shares of SailPoint in a report on Wednesday. Finally, BTIG Research reiterated a "buy" rating and set a $29.00 target price on shares of SailPoint in a report on Tuesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, three have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $25.58.

Insider Transactions at SailPoint

In related news, CEO Mark D. Mcclain sold 175,425 shares of SailPoint stock in a transaction on Thursday, October 9th. The stock was sold at an average price of $22.42, for a total value of $3,933,028.50. Following the transaction, the chief executive officer owned 7,200,308 shares in the company, valued at approximately $161,430,905.36. This trade represents a 2.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Christopher Schmitt sold 34,186 shares of SailPoint stock in a transaction on Thursday, October 9th. The shares were sold at an average price of $22.42, for a total value of $766,450.12. Following the completion of the transaction, the general counsel owned 1,069,864 shares in the company, valued at $23,986,350.88. The trade was a 3.10% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,018,004 shares of company stock worth $22,871,647 over the last ninety days. 2.00% of the stock is owned by insiders.

SailPoint Stock Performance

SAIL stock opened at $21.73 on Friday. SailPoint, Inc. has a 52-week low of $15.05 and a 52-week high of $26.35. The stock's fifty day simple moving average is $21.16 and its 200-day simple moving average is $20.09.

SailPoint (NASDAQ:SAIL - Get Free Report) last issued its earnings results on Tuesday, September 9th. The company reported $0.07 earnings per share for the quarter, beating analysts' consensus estimates of $0.04 by $0.03. The firm had revenue of $264.36 million during the quarter, compared to analyst estimates of $243.41 million. The company's quarterly revenue was up 32.9% compared to the same quarter last year. SailPoint has set its FY 2026 guidance at 0.200-0.220 EPS. Q3 2026 guidance at 0.050-0.06 EPS.

SailPoint Profile

SailPoint, Inc delivers solutions to enable comprehensive identity security for the enterprise. Its solutions enable organizations to establish, control, and automate policies that help them define and maintain a robust security posture and achieve regulatory compliance. The company was founded by Mark David McClain in 2005 and is headquartered in Austin, TX.

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